CLARKSON HELLAS S&P WEEKLY BULLETIN
Source:Clarkson
2012.06.12
838
S & P
The modern Panamax M/V XIAO YU (76,116 dwt 2012 blt Hudong) has been sold to Chinese buyers for US$ 25m including a 2 years tc back at $17,000/day.
In the handysize segment, Japanese Sellers invited offers on their logs-fitted handysize M/V SUSAKI WING (31,802 dwt 1997 blt Hakodate) during the course of the week, and have reportedly committed the vessel to Syrian buyers for US$ 7.6m with her SSDD due in November 2012 . This represents a softening on price from last done M/V ATLANTIC KING (27,797 dwt 1998 blt Naikai), sold last month for US$ 8.3m with SSDD due in November 2013.
Greek Sellers have committed their early 90’s built handysize M/V VERA I (28,025 dwt 1992 blt Poland) to Turkish interests for US$ 4.6m. The M/V OCEAN TRADER (39,833 dwt 1987 blt Korea Shipbuilding) reported sold to Chinese buyers for USD 4.2m, whileSyrian Buyers are rumoured to have purchased overaged handysize M/V NIKOLAOS (34,544 dwt 1984 blt Mitsubishi) for US$ 3.2m.
In the tanker S+P market, Dunya Shipping is said to have sold two MR tankers under construction at Hyundai Mipo namely M/T GAN TREASURE (51,600 dwt 2012 blt) is sold to Greek interests for US$ 31.5m, while the later sister M/T GAN TRUST (51,600 dwt 2013 blt) has gone to Maersk for US$ 33.5m.
The two VLGC’s MARAN GAS VERGINA (84,014 cbm 2008 blt Daewoo) and MARAN GAS KNOSSOS (2009 blt Daewoo) reported sold to Avance Gas in a joint venture with Transpetrol for US$ 73m each. The fully refrigerated JAG VIRAJ (22,472 cbm 1991 blt HHI) has been sold to Negmar, Turkey for US$ 9.5m while the fully pressurized GAS HAWK (2,514 cbm 1998 blt Tachibana) is sold for US$ 6m to Korean buyers.
NEWBUILDING
The Newbuilding market has been a little quiet this week with both owners and yards alike journeying to Athens for this year’s Posidonia. Historically the event has offered an excellent opportunity for both the yards and owners to meet and finalise discussions and has, in the past, often led to numerous contracts being signed. However, in a pattern reminiscent of 2012 so far, the volume of activity has certainly been lower than previous years, though we have still seen orders placed in the Tanker, Dry and Gas sectors.
With the summer holiday period now looming on the not too distant horizon, attention will begin to shift to how the market will evolve in the second half of the year. Within China especially, the excess supply of capacity along with the continued limited demand, will most likely sustain the recent downward pressure on pricing. The hope must remain for the yards that not only will the global economy begin to pick up again, but also, on a purely shipping basis, that the extensive design development work carried out throughout 2012 will begin to reap benefits as the year progresses.
In terms of reported business; In Dry, CSBC in Taiwan is understood to have won an order from China Steel Express Corp. for a pair of 35,0000dwt Steel Carriers. We understand these Bulkers have been specially designed and strengthened to carry steel coils and as such are priced in the region of USD 25 Mill per vessel. Deliveries are provisionally scheduled to take place in October and December 2013.
In Tankers, further to reports in April this year it has now been reported that Alterna Capital Partners have placed an order at STX for 4 x 50K Product carriers. These vessels are understood to be delivering through 2013 from the 2Q onwards and have been reported as being signed at a total price of USD 134.5 Mill, or approx. USD 33.6 Mill each.
Finally in Gas, Hyundai Heavy Industries have now signed one option one 162,000cbm LNG carrier with clients of Tsakos Energy Navigation for delivery in 2015. Although, this deal was initially reported earlier in the year, the official signing of the vessel was held on Monday this week.
